Posted by Mike Photon on 10/11/06 7:07pm
Msg #151848

Notary Pro

I have recently done a signing with Notary Pro.
They have added me to their database for future jobs and they have also asked me to send completed W9 and signed Independant Contractor Agreement.
Do I have to send them these to get paid for the job I have already done?
I really dont wan't to send the W9 or agree to their terms in the agreement.
My question is if I don't want anymore jobs from them do I really have to send the W9?

Reply by Charles_Ca on 10/11/06 7:32pm
Msg #151850

You certainly don't have to sign the contract with them whether you want any more work from them or not. Usually the SS contracts are so skewed in their favor that I don't sign any of them. I still get work even though I don't have contracts. As far as the W-9 goes, depending on what they said they may or may not pay you if you don't send a W-9. I don't really understand why you would have a problem with the W-9 it is quite common and I usually include one with my invoices especially for companies I don't have a regular relationship with.

Reply by Mike Photon on 10/11/06 7:41pm
Msg #151854

Thanks for the reply Charles.
The only problem I have with sending a W9 is giving them my SSN, if I don't really have to.
(I haven't registered a company and don't have a EIN.)

Reply by KBLedgard_CA on 10/11/06 7:54pm
Msg #151857

You don't have to register as a company to get an EIN. It's your safest option, IMO. Go to the IRS' website and get one. It takes just a few moments.

Reply by Roger_OH on 10/11/06 8:00pm
Msg #151858

Just about every company requires a tax ID (SSN or EIN) to pay you, and they may withhold your payment without it; regardless of the amount, they still have to report you as a payee in THEIR system, and in their records subject to audit by the IRS.

I'd strongly advise getting an EIN and using it for ALL your business dealings; only takes a few minutes on the IRS website, and you can do so as a sole proprietor. Just come up with a name for your business (and then register that with your state/county as well to protect it).

BTW, just because one doesn't earn enough from any one company to generate a 1099, SAs are STILL responsible for declaring ALL business income, as it is all subject to taxes.
The only exception is that SE taxes are exempted for the portion of your income for actual notarial acts (not entire signings).

Reply by Ndwa on 10/11/06 9:15pm
Msg #151863

They may not pay

without until they have a W-9 on file.

Reply by Lee/AR on 10/11/06 7:45pm
Msg #151855

I believe $600 is the figure that generates a 1099... am sure you didn't get that out of one signing for this co. If you are absolutely positive you will not work for them again, explain that & don't send the W9 or sign their contract. They should be able to deal with that.

Reply by Cam/CA on 10/11/06 8:47pm
Msg #151862

Mike I got a EIN # today

I logged on to the IRS web site and rather than filling in the form I called the 800 #. Sounded like I was connected to India (lady had a strong accent), gave her my info and she gave me a number...it was easy.

Reply by Rebecca/CA on 10/11/06 9:43pm
Msg #151868

What would be more interresting is if they actually pay you in a timely manner (if at all). I wouldn't sign their agreement or take a signing from them if they paid me double (their fee, which is still too low for what they expect), obviously I have been screwed by them ONCE and learned from it...but still have not been paid (over 9 months has passed). As far as a w9, I agree with the other notaries on this....get an ein instead of giving your ssn.

Reply by Joan Bergstrom on 10/11/06 9:53pm
Msg #151871

EIN Number (Employer Identification Number)

Most of us (Notaries/Loan Signers) would go under the SOLE PROPRIETOR qualifiying.

Go to www.irs.gov. Complete the Form SS-4 at the prompt for Forms and Publications and you can instantly get your new EIN number.

You can also get an EIN number by mail, telephone, or apply in person at a Social Security Office.

Reply by cassiewi on 10/12/06 5:59am
Msg #151907

I've never had a problem with them paying me, I took their jobs when I first started. Although now when I quote my fee, I get the "I'll have to get that approved" line. They're actually pretty good about paying on time, at least in my experience.